$105,000
SOLD MAY 30, 2025

5397 Ely Island N Tower, MN 55790

5.36 Acres
$19,590 Price per Acre
233,482 Sq Ft Lot

Recently Sold

9% Below List Price

122 Days on Market

Highlights

  • Private Waterfront
  • Bay View
  • Landscaped with Trees
  • Docks
  • No HOA

About This Lot

As of May 2025

"Prime lakeshore property on Ely Island! 310 feet of wooded shoreline plus over 5 acres adjacent to 40 acres of State of Minnesota land. North-facing for breathtaking views, with electricity nearby and a convenient lift-out dock already in place. Mature trees provide the perfect setting for your cabin dreams. Don't miss out on this opportunity for big water views and endless possibilities!"

Last Agent to Sell the Property

Barbara Hegg

Vermilion Land Office, Inc Listed on: 01/03/2025

Last Buyer's Agent

Barbara Hegg

Vermilion Land Office, Inc Listed on: 01/03/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $832

Lot Details

  • 5.36 Acre Lot
  • Lot Dimensions are 814x305
  • Private Waterfront
  • 310 Feet of Waterfront
  • Lake Front
  • Landscaped with Trees

Parking

  • No Driveway

Property Views

  • Bay
  • Lake

Utilities

  • No Utilities

Community Details

Overview

  • No Home Owners Association

Recreation

  • Docks

Property Details

Property Type

Land

Est. Annual Taxes

$832

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: Via Boat from public access sites, Aronson's Marina, Stuntz Bay
  • Waterfront Info Lake Maximum Depth: 76
  • L O1 Office Phone1 Number: 218-753-8985
  • Renewal Options: Sell Entirely
  • List Price/ Sq Ft: 19589.55
  • RdBtwnWtrfrnt: No
  • ShorelineCharacteristics: Rocky, Undeveloped
  • Property Sub-Type: Residential
  • Tax Year: 2024
  • Twp Number: 62
  • View Type:Pond View: Inland Lake, Bay
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 39272.5
  • Road Frontage: None
  • Waterfront Access: Private
  • Water Frontage In Feet: 310
  • Waterfront Name: Vermilion

Garage/Parking

  • Parking Driveway: None

Utilities

  • On Site Utilities: None
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: St. Louis County #2142
  • Junior High Dist: St. Louis County #2142

Lot Info

  • Geo Update Timestamp: 2025-01-03
  • Estimated Lot Dimensions: 814x305
  • Estimated Number of Acres: 5.36
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Improvements: Dock
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 832

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2025
Closed on
May 30, 2025
Sold by
Barnes Larry R and Barnes Rebecca J
Bought by
Kulesa Jeramy L and Kulesa Sarah A
Seller's Agent
Barbara Hegg
Vermilion Land Office, Inc
Buyer's Agent
Barbara Hegg
Vermilion Land Office, Inc
List Price
$114,900
Sold Price
$105,000
Premium/Discount to List
-$9,900
-8.62%
Views
85
Current Estimated Value
$105,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441
Avg. Annual Appreciation
1.24%

Purchase Details

Closed on
Nov 7, 2022
Sold by
Barnes Larry Il and Barnes Rebecca J
Bought by
Barnes Larry Il and Barnes Rebecca J

Purchase Details

Closed on
Sep 1, 2021
Sold by
Juhl Properties Llc
Bought by
Barnes Larry R and Barnes Rebecca J

Purchase Details

Closed on
Nov 30, 2005
Sold by
Jarvis Douglas L and Jarvis Carol A
Bought by
Juhl Properties Llc

Purchase Details

Closed on
Oct 31, 2000
Sold by
Legg Thomas D and Legg Julie Nichols
Bought by
Jarvis Douglas L and Jarvis Carol A
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $105,000 None Listed On Document
Deed -- None Listed On Document
Warranty Deed $83,000 All American Title Company
Warranty Deed $142,000 None Available
Warranty Deed $99,000 --
Deed $83,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $105,000 -8.6% --
05/05/2025 05/05/25 Pending -- -- --
01/03/2025 01/03/25 For Sale $114,900 -- --
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,026 $81,000 $81,000 $0
2022 $832 $81,000 $81,000 $0
2021 $808 $67,100 $67,100 $0
2020 $930 $67,100 $67,100 $0
2019 $904 $75,500 $75,500 $0
2018 $858 $76,200 $76,200 $0
2017 $882 $71,100 $71,100 $0
2016 $890 $71,100 $71,100 $0
2015 $496 $36,800 $36,800 $0
2014 $496 $36,800 $36,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6117393

APN: 270002001409